Paxos, the issuer of the popular stablecoin USDP, has extended its reach to the Cosmos-based layer-1 blockchain Injective (INJ). Through this integration, Paxos' interest-earning stablecoin wUSDL is now available on Injective, offering users opportunities to generate yield on their wUSDL holdings. This integration opens up new possibilities for DeFi enthusiasts within the Injective ecosystem. Users can leverage Injective's suite of DeFi protocols to earn yield on their wUSDL, maximizing their returns while maintaining the stability of their assets. The arrival of wUSDL on Injective marks a significant step forward in the expansion of the Injective ecosystem. It provides users with more options for yield-generating assets and strengthens the bridge between Cosmos and Ethereum-based DeFi protocols.
Paxos' Yield-Bearing Stablecoin wUSDL Lands on Injective
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INJ
21.11
+0.95%
USDP
1.0013
+0.03%
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